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What financial reports reveal about entertainment

Source : AP
Last Updated: Tue, Apr 24, 2012 16:15 hrs

:

April 12: Coinstar Inc. raises its first-quarter and full-year revenue guidance on the popularity of its Redbox movie business. Coinstar says recent price hikes didn't dampen movie rentals during the period as much as it thought they might. And consumer demand jumped on the popularity of movies such as "Moneyball" and "Puss and Boots."

Monday: Netflix Inc. says it added 1.7 million Internet video subscribers in the U.S. and 1.2 million elsewhere to end the quarter with 26.5 million. The company says it lost 1.1 million DVD customers to end with 10.1 million. Netflix says about 7 million of the DVD customers also subscribe to the streaming service. Although Netflix's comeback from a customer backlash accelerated during the first quarter, skittish investors keyed on a second-quarter forecast that calls for a slowdown in subscriber growth during the spring and early summer.

Coming up:

Thursday: Coinstar Inc., owner of Redbox

Friday: Imax Corp.

May 1: CBS Corp., Sirius XM Radio Inc.

May 2: Time Warner Inc., Comcast Corp., DreamWorks Animation SKG Inc.

May 3: Viacom Inc.

May 8: The Walt Disney Co.

May 10: Sony Corp.

Not yet known: News Corp., Warner Music Group Corp., Lions Gate Entertainment Corp.




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